Bitcoin’s price is sitting between $76,400 to $76,700 per unit on Sunday morning, which sounds pretty uneventful until you look under the hood. Short-term momentum has gone sour, BTC has been turned away twice from roughly $82,300-$82,800, and several averages immediately overhead are now working against it.

Bitcoin is consolidating near $77,000 after failing to extend its recent recovery above $82,000, leaving traders watching whether resistance is developing into a broader distribution zone.